ALSO
* Industrial flow management company Flowserve Corp. said it will cut 1,100 jobs as a result of its recent acquisition of Ingersoll-Dresser Pump Co. Flowserve said the reductions are part of the $75 million in annual savings it expects to achieve from the merger by December 2001. The company said delays in regulatory approval of the deal reduced anticipated third-quarter savings that would have helped offset $20 million in increased costs related to the transaction.
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